Still mindlessly chasing altcoins? Here’s a hunting rule for ‘altcoin season’ that big players in the English-speaking world are using:
* Keep an eye on Bitcoin's dominance rate (BTC.D): This data is a wind vane. When BTC.D consolidates at a high level and then starts to clearly decline, it indicates that funds are flowing out of Bitcoin, and the feast for altcoins is about to begin.
* Observe the ETH/BTC exchange rate: Ethereum is the leader among altcoins. When ETH/BTC breaks through key long-term resistance levels, it is the strongest confirmation signal.
Understanding these two signals will allow you to get ahead of 90% of people and position yourself early. Isn’t that much better than asking around for codes?
